Why I write on home equity loan
If a home mortgage was obtained before 2009, it can be considered. It must be demonstrated that the homeowner has been dealing with financial difficulty (for example, a lay off or reduction in pay) that has made it challenging for him to pay his mortgage bills. Finally, to be eligible for a home mortgage modification, a homeowner must demonstrate that his mortgage payments are over 31 percent of his income each month. The housing aid plan does not mean that no homeowner will go into foreclosure. Those who will clearly not be able to make their home mortgage payments, in spite of loan modifications, may have to go into foreclosure.